Finland: Garmin acquires Firstbeat Analytics

Nasdaq-listed Garmin has acquired Firstbeat Analytics, a privately held provider of physiological analytics and metrics for consumer devices in the health, wellness, fitness and performance markets.

“Having utilised Firstbeat’s innovative analytics across our product lines for more than a decade, we are excited to have the Firstbeat Analytics associates join the Garmin team, establishing us at the forefront of physiological analytics,” said Cliff Pemble, Garmin president and CEO. “Together with their team of physiologists, scientists and engineers, we look forward to providing Garmin customers with unmatched technology for greater performance, recovery and overall health.”

Firstbeat Analytics is headquartered in Jyvaskyla, Finland, and will remain operating in this facility.

Financial terms of the acquisition have not been released.